Make software searches ElasticAshutosh Kulkarni will take over as the CEO from Shay Banon, co-founder of the company. Kulkarni joined last year as chief product officer.

Banon will assume the position of chief technology officer at the company. This is the same role he held between 2012 and 2017. 

Banon took Elastic public2018 It has increased by 60% over the closing price of $70 on its first trading day. The stock fell 15% after the company revealed a greater-than expected quarterly loss. The stock fell 12% last week as a result of the larger sell-off in software.

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